Cement News tagged under: Middle East
Going Green in Dubai06 February 2023, Published under Cement NewsGreen Cement Factory LLC (GCF), a subsidiary of Hong Kong-based Shun Shing Group, commenced commercial operations of its greenfield slag grinding plant in March 2021. The new 1Mta state-of-the-art facility is based in the Dubai Industrial City, UAE, and supplies the domestic construction sector with premium sustainable products. Green Cement Factory, Dubai Industrial City, UAE, is equipped with four 4000t drive-through silos to store and prepare the company’s product range for dis... |
RAK White Cement reports drop in profit06 February 2023, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials (RAK White Cement) posted net profits of AED21.08m (US$5.74m) in 2022, a 35.9 per cent decline from AED32.87m in 2021. Revenues of the UAE-based company increased by 3.3 per cent to AED247.66m in 2022 when compared with AED239.8m in the previous year. Earnings per share (EPS) fell from AED0.07 in 2021 to AED0.04 in 2022. |
Carbon Re and A³&Co join forces to decarbonise cement06 February 2023, Published under Cement NewsClimate technology company, Carbon Re is joining forces with A3& Co ® , a cement manufacturing consulting company, to accelerate the decarbonisation of the cement industry. The two companies have signed a strategic partnership agreement aimed to help cement manufacturers optimise production processes to reduce operational costs and carbon emissions to otherwise unachievable levels. Carbon Re claims that its Delta Zero industrial decarbonisation platform can cut fuel use by up to 1... |
UltraTech Cement to acquire majority share in Duqm Cement Project31 January 2023, Published under Cement NewsUltraTech Cement Middle East Investments Ltd, (UCMEIL) a wholly owned subsidiary of the company in UAE, has released a statement signifying that it has entered into a share sale and purchase agreement with Seven Seas Company LLC, Oman, for acquisition of 70 per cent equity shares in Duqm Cement Project International, LLC, Oman. |
CEMEX buys 51% share of Israeli recycling company31 January 2023, Published under Cement NewsCEMEX has announced that it has acquired a 51 per cent stake in Israel-based SHTANG Recycle LTD, a construction, demolition, and excavation waste (CDEW) recycling company. The acquisition aligns with CEMEX’s strategy to strengthen its business in developed markets through bolt-on acquisitions in businesses with strong circular and sustainable attributes. The acquisition will form part of Regenera, CEMEX’s recently-launched business that provides circularity solutions, including recep... |
Tabuk Cement appoint a new chairman and vice-chairman27 January 2023, Published under Cement NewsTabuk Cement ’s board of directors have appointed Yazid bin Khalid Al-Shathri as chairman, and Tareq Alangari as vice-chairman, according to a statement to Tadawul. Amal Redaa was also appointed as board secretary. The board approved the formation of the executive committee, which comprises Yazid Al-Shathri (non-executive) as chairman, as well as Abdul Aziz Al-Khamis (independent), CEO Ali Al-Qahtani (executive) and Mohsen Al-Fahadi (independent) as members. The nominations an... |
IKN commissions Southern Province Cement cooler25 January 2023, Published under Cement NewsIKN has successful commissioned the new Southern Province Cement Co Bisha line 1 clinker cooler in Saudi Arabia. This is the conclusion of a very challenging project that started with the preassembly of the IKN equipment, directly followed by the shutdown, whereby the existing cooler was demolished and replaced by the latest generation IKN cooler. The excellent collaboration between Sweden Industrial Services and IKN was key in bringing this endeavour to a successful close, workin... |
Bullish 4Q22 results expected for Saudi Arabian producers19 January 2023, Published under Cement NewsTwelve Saudi Arabian cement companies' aggregate profit listed on Tadawul are expected to surge 101 per cent YoY and 20 per cent QoQ to SAR617m (US$164.5m) in the 4Q22, according to a local research house. Argaam sees bullish forecasts for most Saudi Arabian cement producers in the 4Q22 compared to the year-earlier period. Tabuk Cement Co , Yamama Cement Co , Yanbu Cement Co , City Cement Co and Arabian Cement Co are expected to post the biggest rise in the fourth-quarter profit. ... |
Saudi cement demand to remain flat in 202310 January 2023, Published under Cement NewsCement demand in Saudi Arabia is forecast to remain flat in 2023 before expanding by five per cent YoY in 2024, according to a report by SICO Bank. Cement demand fell by 1.8 per cent YoY in November 2022, despite the previous month being the strongest October since 2015. For the whole of 2022, SICO predicts demand to have declined by one per cent YoY. Looking ahead, 2024 growth is expected to be driven by a boom in construction activity on the back of developments in the tourism sector an... |
Iranian cement production expands 6% in 9M2202 January 2023, Published under Cement NewsCement production in Iran increased 5.7 per cent YoY in the first nine months of the current Iranian calendar year (21 March-21 December 2022), according to data released by the Industry, Mining and Trade Ministry. Total output during the nine-month period reached 33.943Mt, up from 32.109Mt in the equivalent period of the previous year. In 2021 the country produced 63Mt of cement, of which it exported 14.4Mt. |